Vietnam 787 economy

According to the Foreign Investment Agency under the Ministry of Planning and Investment, FDI commitments to Vietnam dropped by 13.7 percent in the first eight months of the year compared to the same period last year due to the impact of the Covid-19 pandemic. However, Vietnam is hopeful that free trade agreements, especially newly implemented EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will provide opportunities for Vietnam to promote economic recovery. … [Read more...] about Bright outlook for Vietnam’s economy despite Covid-19 setback

“Such efforts, principally from the central government, have translated into an increase of investment expenditures from 4.8 per cent of GDP to 6.5 of GDP between the first nine months of 2019 and 2020, supporting aggregate demand through the multiplier effects on suppliers and jobs over time,” said an updated World Bank report on Vietnam’s economy. “With any stimulus programme, the role of public investment is not just to directly stimulate the economy, but also to crowd in private investment.” … [Read more...] about Reshuffle underway to further stimulate revival of economy

A container ship is seen at the Cai Mep International Terminal in the southern province of Ba Ria-Vung Tau. Expanding by 2.9% in 2020, the Vietnamese economy was one of the few economies that grew during the Covid-19 pandemic – PHOTO: ANH QUAN HCMC – Vietnam’s economic recovery accelerated in the last quarter of 2020, making the country one of the fastest growing economies amid the Covid-19 pandemic, according to the World Bank. … [Read more...] about Vietnam one of fastest growing economies amid pandemic: WB

At Trang Airport, there have been quite small numbers of passengers. However, strict COVID-19 prevention measures have still been in place. The Trang Airport Director said the new wave of COVID-19 infections has led many provinces to control passenger numbers in and out of the region, and people are asked to refrain from traveling between provinces. As a result, the number of passengers using Trang airport has decreased. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

Next was the banking sector, accounting for nearly 30 per cent, with an average coupon rate of 6.69 per cent, lower than 7.06 per cent in 2019. Elsewhere, other industries such as power, water, petroleum, and natural gas had their corporate bond issuance accounting for nearly 7 per cent, with an average coupon rate of 10.5 per cent, inching up from 2019 (10.2 per cent). … [Read more...] about Impressive 2020 for Vietnam’s corporate bond market